Wall Street is not high on the lists of places to invest these days, but have you thought about buying solar stocks, regardless? Seems like if any industry has a growth future, its renewable energy. Unlike retail, banks or other corporations, there is one sector of the economy that has potential for expansion in the near future. With the passage of the U.S. Stimulus Bill, billions will be funneled to energy, infrastructure and science. President Obama has placed a high priority on creating green jobs in the solar industry during his Administration.
If you buy solar stock now, you could get a bargain when prices start to rise in the future, as companies start to make money and we pull out of the recession. Wait until you see signs of the turn-around, and you will have missed the boat.
While I am an investor, its only because I have a 401(k) and College Funds for my kids. I am certainly not an expert with respect to solar stocks. So, I watch the pundits and talking heads, like Jim Cramer from Mad Money. Here are Jim’s views on purchasing solar stocks:
Well, Jim says that it might not be a good time to buy solar (at least as of 3 months ago). But if you want more information about buying solar stocks, check out this clip from about one month ago:
I noted above that I am not a stock market expert with regard to companies in which you should be investing. I can tell you, however, that if you are invested, it is best to not pull your money out of stocks unless you need it in the next 10 years. If you are in your 30s or 40s, just coast out the recession and wait for things to turn around. If you’re not into green investments, perhaps its time to watch things for a bit and decide when to jump in to the stock market.
I’m interested in reader comments. Do you have solar stocks? Would you invest? If so, where?